Morning Market Update: Acrylonitrile

I. Key Focus Areas

1. Supply reductions in acrylonitrile may be difficult to materialize.
2. The downward trend in feedstock prices is slowing.

Core Logic: Supply contraction and cost reduction.

II. Price Table

Notes:

1. Both acrylonitrile and propylene prices refer to national standard premium grade products.
2. The unit for Acrylonitrile CFR South Asia is USD/ton; all other prices are in CNY/ton.
3. Change rate refers to the period-over-period change.
4. Except for the Shandong market price of acrylonitrile, which is a delivered spot cash tax-inclusive price, all other CNY prices in the table above are warehouse spot cash tax-inclusive prices.

III. Market Outlook

The domestic acrylonitrile market remains stagnant with sideways consolidation. Weakness on the cost side is affecting market sentiment, with buyers maintaining purchasing at rigid demand levels. However, industry inventory levels remain moderate, prompting suppliers to continue holding firm on prices.

IV. Data Calendar